Aerospace Fasteners Market by Application, Material, and Geography - Forecast and Analysis 2021-2025

The aerospace fasteners market size has the potential to grow by USD 3.06 billion during 2021-2025, and the market’s growth momentum will decelerate at a CAGR of 8.96%. 

This report provides a detailed analysis of the market by material (aluminum, titanium, superalloys, and steel), application (commercial and business aviation and defense and space), geography (North America, Europe, APAC, South America, and MEA), and key vendors. 

Market Overview

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Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

• Aero Fasteners Pvt. Ltd. 
• Arconic Inc.
• B&B Specialties Inc.
• Berkshire Hathaway Inc.
• BMB Fasteners Inc.
• The Boeing Co.
• Cherry Aerospace
• Click Bond Inc.
• MinebeaMitsumi Inc.
• National Aerospace Fasteners Corp.

 

The aerospace fasteners market is concentrated and the vendors are deploying growth strategies such as investing in the diversification of manufacturing and integration facilities and R&D activities to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as the preference for lightweight materials to achieve growth opportunities. However, factors such as aircraft order cancellations will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the aerospace fasteners market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

This aerospace fasteners market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

Aerospace Fasteners Market: Key Drivers and Trends

The increasing preference for lightweight materials is one of the significant factors driving the aerospace fasteners market growth. Aircraft manufacturers and aircraft fleet operators are focusing on advanced solutions such as reducing the weight of the aircraft by incorporating lightweight components. Since titanium is lightweight, it is increasingly being preferred for manufacturing aerospace-grade fasteners.  Titanium-based fasteners are being used in military aircraft and missiles because of their high wear resistance and strength and ability to sustain high pressure and temperature. The rising investments in the satellite manufacturing and launch industry and the development of spacecraft by private companies will further fuel the demand for titanium fasteners.

The aerospace industry is increasingly adopting additive manufacturing or 3D printing technology to produce various components, including engine parts, fasteners, fuselage components, and other interior components. The advantages of additive manufacturing technology are expected to boost its adoption in the aerospace industry and emerge as one of the critical aerospace fasteners market trends. This technology is generally used to develop and manufacture products that have complex design geometry and uniform strength. Additive manufacturing technology helps in reducing the waste produced during component manufacturing and the overall manufacturing costs.

 

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Aerospace Fasteners Market: Segmentation by Geography

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35% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for aerospace fasteners in North America. Market growth in this region will be faster than the growth of the market in MEA and South America.

Increased military expenditure by the US government will facilitate the aerospace fasteners market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Aerospace Fasteners Market: Segmentation by Material

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Aluminum possesses properties such as low weight density, high heat and electricity conductivity, corrosion resistance, and malleability. In aerospace applications, aluminum is used for manufacturing rivets used in aircraft. The two types of rivets used in aircraft are solid shank rivets and special rivets (blind rivets). The aerospace fasteners market share growth by the aluminum segment will be faster than the steel segment. 

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the aerospace fasteners market size.

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Aerospace Titanium Fasteners market - The market share is expected to increase by USD 828.62 million from 2020 to 2025.

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Aerospace Fasteners Market: Key Highlights of the Report for 2021-2025

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive aerospace fasteners market growth during the next five years
• Precise estimation of the aerospace fasteners market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the aerospace fasteners industry across North America, Europe, APAC, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of aerospace fasteners market vendors

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Aerospace Fasteners Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Decelerate at a CAGR of 9%
Market growth 2021-2025	$ 3.06 billion
Market structure	Concentrated
YoY growth (%)	9.82
Regional analysis	North America, Europe, APAC, South America, and MEA
Performing market contribution	North America at 35%
Key consumer countries	US, France, China, UK, and Canada
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	Aero Fasteners Pvt. Ltd. , Arconic Inc., B&B Specialties Inc., Berkshire Hathaway Inc., BMB Fasteners Inc., The Boeing Co., Cherry Aerospace, Click Bond Inc., MinebeaMitsumi Inc., and National Aerospace Fasteners Corp.
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.